ADY admiralty resources nl.

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This is what happened to the Rincon Salar deposit, page-5

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Bullrush007

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23/05/17

17:18

Post #: 24864840
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Originally posted by taximoney ↑

This short note is for those fore-sighted people in the forum who owned ADY when it was developing the "Rincon Salar" lithium deposit in Argentina. It was to be a large low cost operation. I did my research (on the deposit and the market, but not on the personnel involved) and bought a substantial packet of ADY shares

Remember how ADY mysteriously bought into an "iron ore" prospect but then had to sell the Rincon Salar deposit to a company of unknown background based in the Virgin Islands, to pay for rapidly mounting debts. So you guys THOUGHT you got screwed then.

I sold out at a big loss

The FMC corporation subsequently quietly acquired the Rincon Salar deposit and now has a forecast annual earning of between $90M and $110M from it.

So now that you have read this, you KNOW that you got screwed!!
--------------------

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@taximoney

Apologies..i'm new here so reviewing the companies history...

So ADY no longer holds Salar del Rincón? According to the below publication (refer to pg 51) it does

http://www.ejapo.mrecic.gov.ar/userfiles/2.Oportunidades_de_Inversion.pdf

Is this information incorrect?

Other names that I've come across are enirgi & argosy

http://www.argosyminerals.com.au/rincon-lithium-project-argentina

http://www.enirgi.com/wp-content/up...tudy-for-Salar-Del-Rincon-Lithium-Project.pdf

ADY Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
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Last 0.6¢		Change 0.000(0.00%)		Mkt cap ! $15.77M

Open	High	Low	Value	Volume
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No.	Vol.	Price($)
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Price($)	Vol.	No.
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Price($)	Vol.	No.
0.007	788295	2
0.008	2500000	2
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0.010	316666	2
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